The relevant departments of the country are studying the policy of exempting Hainan Island residents from taxes on imported goods and planning a new round of optimization of the offshore duty-free policy.
With the approval of the Central Committee of the Party, the full island closure operation of Hainan Free Trade Port is scheduled to officially begin on December 18, 2025. Reporters have learned that in order to enhance the sense of satisfaction of the residents on the island, relevant national departments are jointly conducting research on the tax policies for duty-free consumption of imported goods for island residents. Due to the wide audience of the policy, supporting management measures will be formulated concurrently, and will be promptly introduced once conditions are ripe. Looking at the duty-free shopping policy for departing passengers, since its implementation in 2011, the policy has greatly stimulated consumer enthusiasm. "Duty-free shopping on the island" has become a "golden business card" of Hainan Free Trade Port. Currently, the shopping limit has been raised to 100,000 yuan per person per year, pushing the proportion of duty-free sales on the island in the global duty-free market to exceed 8%, effectively promoting the construction of Hainan International Tourism Consumption Center. People's Finance News has learned that relevant national departments are currently conducting research on optimizing and adjusting the new round of duty-free policies on the island, promoting the implementation of optimized policy measures, further enhancing policy attractiveness, and stimulating the return of overseas consumption.
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